In recent times, the Worldcoin price has experienced notable fluctuations due to market volatility. Starting from a peak of $11.82 and dropping to a low of $7.24 within a week, the token is striving to maintain stability amidst these changes.

Despite the challenges posed by the unpredictable crypto market, the Worldcoin team has implemented several updates to enhance the platform. This article delves into the analysis of Worldcoin's price movements and the latest modifications introduced.

Worldcoin Price Status

Currently valued at $8.25, Worldcoin has seen a 3.22% increase in a day, although this figure may not be the most favorable for this cryptocurrency. On March 10th, the native token WLD reached its all-time high (ATH) of $11.82.

Analysis of Worldcoin Price

Despite encountering occasional declines, Worldcoin has demonstrated its strongest performance to date. It holds the 81st position on CoinmarketCap with a market capitalization of $1,283,646,023 following a 3% surge. Moreover, the trading volume has risen by 35%, elevating the value to $386,403,934.

The recent challenges faced with Kenya have impacted Worldcoin's price, with the nation maintaining its ban on the project since August 2023 due to privacy concerns.

Introduction of Personal Custody by Worldcoin

Worldcoin distinguishes itself by emphasizing human involvement within its crypto community. The project, spearheaded by Sam Altman, the CEO of OpenAI, has introduced the concept of Personal Custody, allowing users to retain their biometric data on their mobile devices instead of the network. This process involves iris code generation by Orb during World ID creation, ensuring the privacy and security of user details.

Orb manages data curation, encryption, and authentication, transmitting encrypted packets to users' phones. Public key creation occurs on the mobile device, facilitating the verification process.

Users can choose to delete or safeguard their biometric data upon ID creation, ensuring that only encrypted data remains on their devices. This feature was tested in December alongside the announcement of World ID 2.0, likened to a "human passport for the internet."

Conclusion:

The implementation of the Personal Custody program by Worldcoin is expected to ease tensions with the Kenyan government. Despite recent price fluctuations, the introduction of this program signifies a step towards enhancing user data security and maintaining the integrity of World ID.